Major $BTC Fakeout and Whatâs Coming Next đ„đš
As we mentioned earlier, our weekly closing fell below key resistance, but despite that, Bitcoin touched $60,500 today after several fakeouts in the daily candles. While this is a clear fakeout, we may still see Bitcoin reach $61,800, $62,600, or even $65,100 before the expected major crash. This could bring $BTC down to $45,400 - $47,800, where we anticipate a bullish reversal wave. đ
Hold Your Short Trades đâïž
If your short positions are still holding and liquidation is distant, donât panic. We believe Bitcoin will drop again, with a likely return to $57K between 15-17 September. This will be an ideal opportunity to exit short trades for a decent profit! đ°
Key Precautions â ïž
The market is extremely volatile, so manage your risk carefully:
- Keep an eye on Bitcoinâs key levels. đ
- Avoid over-leveraging on $BTC .
- Use stop losses strategically and stay patient! âł
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